First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Short Interest Up 198.7% in July

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the target of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 40,450 shares, an increase of 198.7% from the July 15th total of 13,540 shares. Based on an average trading volume of 53,367 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the shares of the company are short sold.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

NASDAQ:FV traded down $0.25 during mid-day trading on Friday, reaching $73.57. The stock had a trading volume of 42,214 shares, compared to its average volume of 108,206. The firm has a market capitalization of $3.82 billion, a price-to-earnings ratio of 19.48 and a beta of 1.09. First Trust Dorsey Wright Focus 5 ETF has a twelve month low of $58.33 and a twelve month high of $76.08. The business has a 50 day simple moving average of $72.05 and a 200 day simple moving average of $67.92.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.0761 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.05.

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

Institutional investors have recently modified their holdings of the business. NewEdge Advisors LLC lifted its holdings in First Trust Dorsey Wright Focus 5 ETF by 11.4% in the third quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock valued at $58,237,000 after acquiring an additional 96,612 shares during the period. Cambridge Investment Research Advisors Inc. lifted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 1.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 565,496 shares of the company’s stock valued at $35,581,000 after purchasing an additional 8,510 shares during the period. Cetera Investment Advisers lifted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 0.9% in the first quarter. Cetera Investment Advisers now owns 403,640 shares of the company’s stock valued at $24,395,000 after purchasing an additional 3,749 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in First Trust Dorsey Wright Focus 5 ETF by 9.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 400,464 shares of the company’s stock worth $25,197,000 after buying an additional 33,646 shares in the last quarter. Finally, Private Advisor Group LLC boosted its holdings in First Trust Dorsey Wright Focus 5 ETF by 22.9% during the first quarter. Private Advisor Group LLC now owns 346,335 shares of the company’s stock worth $20,932,000 after buying an additional 64,429 shares in the last quarter.

About First Trust Dorsey Wright Focus 5 ETF

The First Trust Dorsey Wright Focus 5 ETF (FV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equal-weighted index of US and global ETFs issued by First Trust. The index selects 5 ETFs based on relative price momentum. FV was launched on Mar 6, 2014 and is managed by First Trust.